Holiday company gone bust

[OldCarlos]

LowCostHolidays. (not ATOL protected)

Spanish company, who employed most of their staff in Poland but also 120 in the UK.

It's being said the firm and its customers are one of the first major casualties of Brexit, which sent the firm into financial meltdown as the plummeting pound led to people delaying booking holidays.

 

[MWHCVT]

If they have gone bust this quickly then they were financially f***ed long before BREXIT and that is just a convenient excuse to defect attention from the fact they were a fly by night operational of questionable liquidity that has now caught up with them

 

[ecoleman]

Yeah right. I'm blaming the weather on BREXIT.

 

[OldCarlos]

If they have gone bust this quickly then they were financially f***ed long before BREXIT and that is just a convenient excuse to defect attention from the fact they were a fly by night operational of questionable liquidity that has now caught up with them

I totally agree with you. (although they have been trading for about 12 years)

If they can't make it work with low overheads & not being ATOL or ABTA members, they shouldn't have been allowed to trade in the UK imho.

A Spanish registered company & one of the partners is Finbarr O’Connell.

 

[viv1969]

Who in their right mind books through a business not ATOL protected?

 

[ecoleman]

makes you wonder how they survived when the £ Euro was nearly 1:1, which wasn't that long ago.

 

[dejongj]

Who in their right mind books through a business not ATOL protected?

People looking for a bargain...

 

[viv1969]

People looking for a bargain...

That's not quite worked then, has it?

 

[arclight]

Warning about the outfit back in 2013.
http://www.telegraph.co.uk/travel/news/Lowcostholidays-in-row-over-protection/

I guess that Brexit was not listed in "The book of any old handy excuses will do" back then.